Government has not yet discussed SAA rescue plan: public enterprises

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Government has not yet discussed SAA rescue plan: public enterprises
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“Government has not discussed the plan yet and no decisions have been taken on some of the proposals it contains,” the department said in a statement.

The department of public enterprises says it is studying the rescue plan presented by business rescue practitioners of the airline.The public enterprises department says it has received a draft business rescue plan for SAA, which is in business rescue.

The response by the department follows a report that government has agreed to fund a restructuring of SAA, if a business rescue plan for the struggling state-owned airline is adopted.

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